RBI stands pat today, leaves Repo rate unchanged at 6.25%

The Indian central bank, Reserve Bank of India (RBI) surprised markets by keeping benchmark interest rates unchanged at its policy meeting today.
The RBI left repo rate unchanged at 6.25% and reverse repo rate unchanged at 5.75%.
Markets believed that the central bank would reduce rates maximum by 0.50% today, in order to boost growth in wake of demonetization.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















